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Re: fearlessflyer post# 16049

Wednesday, 04/30/2008 10:46:49 AM

Wednesday, April 30, 2008 10:46:49 AM

Post# of 19560
POSSIBLE FRAUD & THIEVERY at VELTEX?

It seems that we all agree that there's a lot of suspicious behavior at Veltex.

For example:

Why don't they provide a actual copy of the Sales Agreement of the Bangladesh Operations?

Why do they fail at receiving a Certified Audit?

Why do they not follow through on the Buyback?

There's strong belief that the motive of the massive dilution of shares was meant as a weapon to weaken shareholders by decreasing their ownership percentages

(was Javeed Matin "self-dealing" - issuing shares to himself while diluting all the other shareholders percentages?)

It seems that Veltex will achieve NOTHING with the current management - replacements are necessary for success to occur.